The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-23
FINANCE and COMMERCE.
HONEY 6 TO 8 PER CENT, NEW
YORK EXCHANGE Is PREM.
Cotton Firm-Middllng Cotton, 10ie
Sales Yesterday, so
Bales.

Money rates are unchanged at the
banks, 6 to per cent. for call and tim,
loans. The market shows more activity as t
demands. but funds are plentiful, and NOR,
than sufficient for all business purposes
The clearings for the week closing yesterday
afternoon were 81, $40 ,275 81, as against 81.
2Sl,6i7 OF for the corresponding week in 1886
and against 1896, 7S4 So for the corresponding
week in 1885. This shows much larger vol.
ume of business than existed at this time in
previous seasons.
The market for local securities, stocks.
bonds, ETC., Is steady, the sales at the Call
Board yesterday being 10 shares Merch ants
Cotton Press and Storage Company at 1876,
and 20 shares of Masonic Temple stock at
lOOh. There was lively bidding and many
offerings on bank and insurance stocks, but
no transactions were recorded.
The local cotton market closed firm last
evening. Middling, lO1zc. Sales yesterday,
so bales, all to spinners. There were no
changes in New York, New Orleans or Liver
pool spots, New York futures closed dull
but steady and to 2 points lower. May,
1O.SSGl0.S5. New Orleans futures closed
quiet and to points lower. May, 1850
1885. At Liverpool futures closed steady
and point lower T. an on Friday. A leading
New YORK cotton circular says of the future
market; In accordance with the halt holt
day law the exchanges closed at u o'clock.
Business, in consequence, was very moder-
ate and apparently COL fined solely to natu-
raj Saturday settlements with values nomi-
nally unchanged" The breadstuffs, pro-
visions, groceries, produce and other local
markets are quiet with quotations I'M
changed. Coffee is very strong and advanc-
ing. According to the Boston Commercial.
Bulletin:
The market bas ad Sancsd, rot alone be-
cause OF huge speculative movement in
this country, but has been forced W BY the
activity and advance in the Rio and Hayre
markets and the ord us from both those mar
kets. The advance in prices since the open
ing OF the year is as follows:
PRICES OF FAIR RIO.
ian. .".......l42s9l45
may lo'.'........ ...................".,.... 1871
The basis of the great speculation and ad-
vance is the prospective enormous sho rtness
In the new crop of Ri and Santos, which
will begin to arrive in July. An average
crop OF Rio and Santos at present wou d Be
over 7 leo 600 bags, but new crop will, ac-
cording to latest reliable adyicss, show a
shortage Of over 80 per cent, that is, IL will
not amount to 3, 500. 900 bags
As to sugar and nolasses the New Orleans
PtcdVune states: The local sugar market is
at pre- emit undergoing the period of enforced
quiet usual every summer, but which has
been forced upon 1t earlier than usual this
season by the nhllress Of the last Louisiana
crop, Stocks of sugar held here are very
small, and the arrivals from plantations
nave almost altogether ceased. hence the
llgnt offerings permit only alimited move
In sympathy with frmer London adv oes and
steady New York market. The stock of
open kettles is very limited and choice CEN
trliugals are also scarce, hence. the assort-
ds% pTT5 Hna 5Han SS Hf me
not plentiful and being in fair de-
mand price, are strengthening. The
offerings Of Eastern refined goods are in.
creasing owing to the growing scarcity of the
nome products The demand both for local
consumption and for shipment is very mod
crate and hand to mouth in character. No
arrivals OF foreign sugar have been reported
Of late. Molasses has been quiet but firm.
proportions and little good raw stock is offer
ing. Reboiled goods are also far from
plentiful and are in good demand.
IMPORTS.
Two hundred SKIS bran, 43 brls beans and
peas, II Dkgs butter, SO pkgs bacon, 492 pkgs
Doois ana SHOES, ZoOO bu corn, 5Uo SKIS cotton
seed, l62 pkgs d y goods, l02 pkgs eggs. 1885
brls -four, 2S9 bales hay, % pkgs hats, 81
nd hogs, u nd CATTLE $40 pkgs lard. 81 900 feat
lumber, so pkgs liquors, 200 bris meal, % |
brls molasses, 500 kegs nails, 1000 Blu oats,
40 brls potatoes, cars pork sides, A pkgs
rice, 60 Drls sugar AVID 542 pkss tobacco.
ELEVATOR REPORTS.
The following shows the amount of grain
received, withdrawn and in store by regular
elevators. as reported to the Merchants NIX |
change yesterdays: Wheat-in store, 4S9 |
bu. Corn received. $50 bu; Withdraw n,
2O66 bu; in sire, 20,S29 bu. 0ats-in store,
1855 Eu.